The European Central Bank (ECB) is likely to hold off on making any announcements on its stimulus program when it meets this week, instead opting to push new developments to October in the face of a strong euro. President Mario Draghi said at the last ECB press conference that the Governing Council would discuss the […]

Frankfurt and Dublin are emerging as the clear favorites for post-Brexit relocation among U.K.-based banks, according to a top official at Germany’s central bank. “From the discussions I have, it is my clear impression that Dublin and Frankfurt are the two cities where there is most interest (from City lenders). We have received quite a […]

European markets were set to open lower on Wednesday morning, tracking Wall Street’s slide overnight amid a backdrop of lingering geopolitical tension. The FTSE 100 is seen 28 points lower at 7,347; the DAX is expected to open down by around 44 points at 12,079 and the French CAC is poised to open 30 points […]

The Bank of England has settled a dispute over pay with staff that led to the central bank’s first strike in more than 50 years, the BOE and the Unite trade union said on Tuesday. Some maintenance and security staff stopped work for three days last month and a protest outside the bank by around […]

The conflicting responses by world leaders to escalating tensions on the Korean peninsula have underlined a fundamental divide in the diplomatic strategies of the East and the West. Western leaders have this week espoused ramping up sanctions on North Korea in an effort to increase pressure on the closed state. Meanwhile, neighboring nations in the […]

Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods saw the price of the digital coin slump earlier this week. The virtual currency fell from $4,584 to $4,350 on Monday following the announcement of a regulatory clampdown on initial coin offerings (ICOs). Many start-ups rely on […]

German Chancellor Angela Merkel has urgently called for more sanctions over North Korea. In a parliamentary address Tuesday, Merkel said she would meet with European Union (EU) foreign ministers this weekend to discuss ramping up sanctions against the rogue state, which launched its latest and most powerful nuclear test on Sunday. “North Korea’s nuclear tests […]

President Donald Trump‘s memorable first press secretary, Sean Spicer, has reportedly become the latest White House departee to join the paid speaking circuit. Spicer, who resigned from the West Wing in July but served his last official day on August 31, has signed with Worldwide Speakers Group, the company confirmed to Politico Tuesday. In a […]

German Chancellor Angela Merkel is the “right person” to protect the European project throughout Brexit negotiations, a key political ally told CNBC. “(Merkel) wants to work together with (French President Emmanuel) Macron but also with all others in Europe who want to safeguard the European idea because at the moment we do have a problem […]

Azerbaijan’s ruling elite ran a secret $2.8 billion slush fund for two years to pay off European politicians and pay for luxury purchases, an investigation has shown. The secret fund, dubbed Azerbaijani Laundromat, operated for two years until 2014 and was used by the government to win favor among international peers, according to the report […]